SBM Offshore NV

SBM Offshore NV

35.14
EUR
+0.28
(+0.80%)
Feb 18Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
22.49
26.2
12.83
10.79
9.17
10.97
17.08
18.42
20.4
27.62
27.68
26.78
34.1
- -
Basic EPS, GAAP
0.56
2.75
0.14
0.86
-0.76
1.04
1.84
1.01
2.18
2.53
2.74
0.84
5.33
- -
Free Cash Flow per Basic Share
-5.95
-6.79
-2.65
2.24
- -
7.83
-1.3
-1.04
-4.44
-6.36
-1.91
7.65
6.61
- -
Dividend per Share
0.21
0.01
0.01
0.3
0.46
0.5
0.54
1.23
1.59
1.22
1.56
1.39
2.61
- -
Book Value per Share
9.77
11.54
11.79
12.45
12.29
12.87
13.83
13.55
14.27
19.08
20.85
20.73
26.12
26.94
Tangible Book Value per Share
9.62
11.37
11.58
12.23
12.09
12.77
13.72
13.28
13.8
18.42
20
19.72
24.97
25.78
Basic Weighted Avg Shares
204
209
211
211
203
204
199
190
184
178
179
179
173
169
Sales/Revenue/Turnover
4,584
5,482
2,705
2,272
1,861
2,240
3,391
3,496
3,748
4,913
4,962
4,784
5,903
- -
Operating Margin (%)
3.53
12.29
10.87
26.85
13.06
25.71
21.73
19.57
18.84
20.35
23.74
18.9
29.8
- -
Depreciation Expense
219
226
213
219
- -
237
243
320
112
85
65
70
66
- -
Net Income, GAAP
114
575
29
182
-155
212
366
191
400
450
491
150
922
- -
Effective Tax Rate (%)
23.58
3.83
18.98
10.18
104
10.42
5.72
10.38
13.08
15.76
- -
25.8
9.54
- -
Profit Margin (%)
2.49
10.49
1.07
8.01
-8.33
9.46
10.79
5.46
10.67
9.16
9.9
3.14
15.62
- -
Working Capital
1,778
2,113
3,395
205
571
516
648
1,268
3,218
5,468
6,619
6,912
2,084
1,148
LT Debt
3,205
4,332
4,959
5,564
4,347
4,017
4,309
4,386
5,928
6,873
8,186
7,714
6,587
5,287
Total Equity
2,887
3,149
3,466
3,512
3,559
3,612
3,613
3,461
3,536
4,914
5,530
5,844
6,482
6,658
Return on Invested Capital (%)
2.49
9.28
2.18
5.35
-0.15
6.19
8.28
6.05
6.2
6.89
- -
4.61
10.59
- -
Return on Capital (%)
2.78
8.79
1.21
4.04
-3.44
3.83
5.72
3.29
5.83
5.4
- -
4.85
9.35
- -
Return on Common Equity (%)
6.57
25.8
1.18
7.26
-6.18
8.26
13.6
7.2
15.58
15.06
13.77
4.08
22.98
- -

Capital Structure

USD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
804
2,568
1,886
LT Borrowings
8,270
6,488
5,191
LT Finance Leases
87
98
95
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
172
169
167
Market Capitalization
- -
- -
- -

Working Capital

USD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
6,255
6,797
5,625
Cash, Cash Equivalents & STI
1,013
1,086
1,251
Accounts Receivable, Net
1,363
384
1,777
Inventories
155
331
324
Total Current Liabilities
3,005
4,713
4,477
Payables & Accruals
- -
- -
- -
ST Debt
804
2,568
1,886
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.03%
14.06%
10.92%
Free Cash Flow
- -
-46.93%
-16.18%
Net Income, GAAP
70.67%
115.25%
514.67%
Sales/Revenue/Turnover
9.98%
11.82%
23.39%
Total Cash Common Dividend
337.56%
19.8%
81.53%

Semi-annual Revenue

USD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
4,784
2025
- -
- -
5,903
2026
- -
- -
- -

Semi-annual Earnings Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.84
2025
- -
- -
5.33
2026
- -
- -
- -

Semi-annual Dividends Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.39
2025
- -
- -
2.61
2026
- -
- -
- -

Company Description

CEO
Øivind Tangen
Full Time Employees
6,851
Sector
Industrial services
Industry
Oilfield services/Equipment
Address
Evert van de Beekstraat 1-77 Schiphol NH Netherlands 1118 CL
IPO Date
Oct 11, 1965
Business
SBM Offshore N.V. (SBMO.AS) provides floating production solutions to the offshore energy industry worldwide; its core offerings include the design, construction, installation, operation, lease, demobilization, and life extension of floating production storage and offloading (FPSO) vessels, semi-submersibles, tension leg platforms, turret mooring systems, catenary anchor leg mooring (CALM) and single point mooring (SPM) systems, floating offshore wind structures, floating energy hubs, offshore loading terminals, and mid-scale liquefied natural gas (LNG) FPSOs; the company also develops offshore technologies, digital services, and low-carbon solutions such as blue ammonia FPSOs and emissionZERO systems via its standardized Fast4Ward program. Founded in 1969 and headquartered in Amsterdam, Netherlands, SBM Offshore operates through two main segments, Lease and Operate and Turnkey, with a global fleet of 17 FPSOs and one semi-submersible unit producing 2.7 million barrels of oil per day; it maintains execution centers in Schiedam, Monaco, Kuala Lumpur, Houston, Bengaluru, and Brazil, serving clients in regions including Brazil, Guyana, Angola, and the North Sea. Recent developments include the achievement of first oil from FPSOs Almirante Tamandaré, Alexandre de Gusmão, and ONE GUYANA in 2025, boosting fleet production capacity; completion of share purchase agreements with MISC Berhad in January 2025 and Sonangol in 2024 for FPSOs N’Goma, Saxi Batuque, and Mondo; strategic digital alliances in October 2025 with SLB for AI-powered FPSO management and Cognite for industrial AI deployment; Approval in Principle for a blue ammonia FPSO design in September 2025; ongoing construction of FPSOs Jaguar and GranMorgu plus FSO Chalchi for delivery in 2027-2028; and a EUR141 million share repurchase program, 71% complete as of November 2025 with 5 million shares cancelled.

Company News